India Business News: Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, tanked in trade on Wednesday morning. While BSE Sensex plunged 600 po
The Sensex dropped 1,628.01 points, or 2.23%, to close at 71,500.76. The Nifty declined 460.35 points, or 2.09%, to close at 21,571.95. The previous biggest fall in a day was in June 2022. The selloff resulted in India s market capitalisation eroding by ₹3.98 lakh crore on Wednesday to ₹370.36 lakh crore.
Considering the global automobile companies with market capitalisation above $5 billion, four Indian automakers including Tata Motors, Bajaj Auto, TVS Motor Company, and Hero MotoCorp figure in the top 10 ranking according to the Bloomberg data.
From the Sensex pack, UltraTech Cement, Power Grid and Tata Motors were the top gainers, rising over 1% each. JSW Steel, Infosys, Tata Steel, and L&T also opened higher. On the other hand, only HDFC Bank and Sun Pharma opened lower.